George Varney (Bulk Services) Limited
Registered name: GEORGE VARNEY (BULK SERVICES) LIMITED
George Varney (Bulk Services) Limited made £10.1m revenue and £20.5k profit in the year to 31 Mar 2024.
George Varney (Bulk Services) Limited’s revenue fell 8% to £10.1m in the year to 31 Mar 2024, with £20.5k profit and 60 employees. The company is classified under “freight transport by road” and is based in Loughborough; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Loughborough, East Midlands
- Age
- 51 yrs · since 1975
- Type
- Private Limited Company
Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Mar 2022 | 31 Mar 2023 | 31 Mar 2024 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £10.1m | £11m | £10.1m |
| Cost of sales | £8.9m | £10m | £9.2m |
| Gross profit | £1.1m | £963k | £812k |
| Operating profit | £548k | £280k | £78.9k |
| Profit before tax | £503k | £218k | −£15.8k |
| Profit after tax | £381k | £172k | £20.5k |
| Profit (best available) | £381k | £172k | £20.5k |
| Staff costs | £2m | £2.3m | £2.4m |
| Employees (average) | 53 | 57 | 60 |
| Ratios | |||
| Profit margin | 3.8% | 1.6% | 0.2% |
| Gross margin | 11% | 8.8% | 8.1% |
| Revenue per employee | £190k | £192k | £168k |
| Profit per employee | £7.2k | £3k | £341 |
| Growth (year on year) | |||
| Revenue growth | — | ▲9.1% | ▼8.3% |
| Profit growth | — | ▼54.9% | ▼88.1% |
| Headcount growth | — | ▲7.5% | ▲5.3% |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £300 | £300 | £300 |
| Net assets | £2m | £2.2m | £2.2m |
| Fixed assets | £3.5m | £4.8m | £4.5m |
| Current assets | £2.4m | £2.8m | £2.3m |
| Debtors | £2.1m | £1.7m | £1.4m |
| Source | Accounts · bulk data Dec 2023 | Accounts · bulk data Dec 2023 | FullAccounts · bulk data Dec 2024 |
How the business works
- Profit margin
- 0.2%
- Profit ÷ revenue.
- Gross margin
- 8.1%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £168k
- Revenue ÷ average employees.
- Profit per employee
- £341
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 44.3%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 14.1%
- Money owed by customers. Low = customers pay quickly.
Balance-sheet signals
Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.
- Net assets
- ▲1%
- Now £2.2m
- Cash at bank
- 0%
- Now £300
- Headcount
- ▲5%
- Now 60
- Deferred income
- —
- Now —
- Fixed assets
- ▼7%
- Now £4.5m
Similar profitable businesses
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- Profit
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- Staff
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- John Quinn and Sons Car Transport LimitedSheffield · Freight transport by road
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- Gees Haulage LimitedWakefield · Freight transport by road
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- K.& H.(Bakewell)limitedNR Buxton · Freight transport by road
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- J.s.highfield LimitedLincoln · Freight transport by road
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- E.w.t. (Dartford) LimitedDartford · Freight transport by road
- Revenue
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- Profit
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- Staff
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Sources
Latest figures from FullAccounts for the year to 31 Mar 2024 (profit £20.5k), from the Companies House accounts bulk data published Dec 2024. Spotted an error? Request a correction.
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.